Pharis Energy Ltd

Pharis Energy Ltd was founded at The Steam Oil Production Company Ltd to develop the first offshore steam flood project in Europe. Pharis has been awarded licences containing the well appraised Pilot field as well as the Blakeney and other discoveries and is working to show that steam flooding is economic and that the technology will maximise economic recovery of heavy oil.

  • About us
    • Company
    • People
    • Technology
    • Contacts
  • Licences
    • P2244 (Pilot & Harbour)
    • P2320 (Blakeney & Dandy)
  • Presentations
  • News
  • Blog
  • Policies
    • Health & Safety Policy
    • Environmental Policy
    • Code of Business Conduct
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Company

An introduction to Pharis Energy Ltd, an oil company founded by petroleum engineers, now there's a rarity.

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Technology

An introduction to the application of steam in the development of heavy oil and an explanation of how the steamflood approach maximises oil recovery.

 

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Presentations

Hard copies and some videos of presentations from Pharis Energy Ltd, including overviews of the company and technical presentations at conferences or the like.


Licences

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P2244 (Pilot & Harbour)

The Pilot Main, Pilot South and Harbour fields are located in UKCS Block 21/27a under licence P2244. These fields were discovered by Fina in 1989 and contain nearly 300 mmbbls of oil in place.

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P2320 (Blakeney & Dandy)

The Pilot Channels, Blakeney, Feugh, Dandy and Crinan fields are located in UKCS Blocks 21/22a, 21/26a, 21/27b and 21/28a and were awarded to Pharis Energy in the 29th Round, under licence number is P2320. These discoveries contain nearly 150 mmbbls of oil in place and there are also exploration prospects containing 360 mmbbls of heavy oil in place.


News

News
Mergermarket feature Pharis Energy
Feb 20, 2019
Mergermarket feature Pharis Energy
Feb 20, 2019

Pharis Energy’s project financing initiatives have been featured in Mergermarket, specialist M&A publication with a global network of 300 dedicated M&A journalists and analysts who talk with CEOs, CFOs and industry contacts, reporting what they learn to Mergermarket subscribers.

The article is titled “Pharis Energy weighs 2019 IPO among field funding options”

  • Farmout and private capital injection also on the cards

  • Up to GBP 400m follow-on financing to first oil

  • Pilot field NPV of over USD 600m using steam flood development

Read More →
Feb 20, 2019
Downhole Steam Injection Valve Takes the Next Step Towards North Sea Reality
Jan 17, 2019
Downhole Steam Injection Valve Takes the Next Step Towards North Sea Reality
Jan 17, 2019

Pharis Energy and OGTC have given the green light to Aberdeen-based oil and gas production technology business, Pragma Well Technology, to progress with manufacture and prototype testing of their Downhole Steam Injection Valve (DSIV) following a positive feasibility study.

Using advanced materials, detailed fluid design and innovative engineering features to maximise reliability for extreme downhole conditions, the surface controlled DSIV will be the first steam injection valve available on the market to meet UK safety regulations. It will be rated to withstand the extreme downhole conditions required for continuous high-pressure steam injection, and will operate at temperatures of up to 343 degrees Celsius.

Read More →
Jan 17, 2019
Pragma Well Technology and Pharis Energy collaborate to develop a High Temperature Downhole Safety Valve
Jul 31, 2018
Pragma Well Technology and Pharis Energy collaborate to develop a High Temperature Downhole Safety Valve
Jul 31, 2018

Pragma Well Technology Limited (Pragma) and Pharis Energy Ltd (Pharis) have signed an agreement to pursue the development of a high temperature downhole safety valve, or downhole steam injection valve (DSIV), in a project backed by the Oil & Gas Technology Centre. 

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Jul 31, 2018
The Steam Oil Production Company Ltd becomes Pharis Energy Ltd
Jun 20, 2018
The Steam Oil Production Company Ltd becomes Pharis Energy Ltd
Jun 20, 2018

When we founded The Steam Oil Production Company Ltd in 2014, we adopted the Ronseal approach to naming our company. We planned to steam flood the Pilot field, which we had just applied for in the 28th Seaward Licensing Round, and we named the company after our planned development approach. 

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Jun 20, 2018
FluidOil & Steam Oil Cooperation Agreement
May 2, 2017
FluidOil & Steam Oil Cooperation Agreement
May 2, 2017

The Steam Oil Production Company (“Steam Oil”) is pleased to announce that it has entered into a cooperation agreement with FluidOil, the independent international heavy oil technology company, to explore the potential of integrating FluidOil’s Viscositor Heavy-to-Light (“VHTL”) oil upgrading technology into an offshore steam flooding project.

Read More →
May 2, 2017
29th UKCS Seaward Licensing Round
Mar 23, 2017
29th UKCS Seaward Licensing Round
Mar 23, 2017

On the 23rd of March 2017 the Oil and Gas Authority announced the results of the 29th Seaward Licensing Round. The Steam Oil Production Company had applied for four part blocks surrounding the Pilot field. We were delighted to learn that we are to be offered all the blocks we applied for and look forward to working with OGA and industry partners to progress a steam flood demonstration project on the Pilot field.

Read More →
Mar 23, 2017
Steam Oil Features in Offshore Magazine
Sep 12, 2016
Steam Oil Features in Offshore Magazine
Sep 12, 2016

Steam Oil has a feature article in this month's edition of Offshore Magazine; just click on the cover page below to read the article which lays out for the first time some of our plans for a steam flood demonstration project on the Pilot field.

Read More →
Sep 12, 2016
Event report - Finding & Exploiting new petroleum resources in Europe
Apr 29, 2016
Event report - Finding & Exploiting new petroleum resources in Europe
Apr 29, 2016

The good folks at Finding Petroleum have kindly written up an event report from the conference held at the Geological Society on March the 10th 2016.

Download the magazine here

There is also a video of the Steam Oil presentation which is available here.

Read More →
Apr 29, 2016
Presentation at "Finding & Exploiting New Petroleum Resources in Europe"
Mar 3, 2016
Presentation at "Finding & Exploiting New Petroleum Resources in Europe"
Mar 3, 2016

Finding Petroleum are hosting a conference on Finding & Exploiting new petroleum resources in Europe at the Geological Society in London on the 10th March. We are happy to be presenting our views on heavy oil development in the North Sea and the Western Platform Steamflood project at the meeting. The tag line for our talk is "Twice the oil in half the time". 

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Mar 3, 2016
Steam Oil to Acquire the Elke & Narwhal Discoveries
Dec 11, 2015
Steam Oil to Acquire the Elke & Narwhal Discoveries
Dec 11, 2015

The Steam Oil Production Company is pleased to announce that it has entered into a sale and purchase agreement with EnQuest Heather Ltd to acquire a 100% interest in Licence P1996, made up of blocks 28/2b and 28/3b, which cover the Elke and Narwhal discoveries. The transfer of the interest is subject to approval by the Oil & Gas Authority (OGA), which would also require OGA's approval of The Steam Oil Production Company Ltd as licence operator.

Read More →
Dec 11, 2015
Steam Oil Features in Offshore Engineer Magazine
Dec 5, 2015
Steam Oil Features in Offshore Engineer Magazine
Dec 5, 2015

Elaine Maslin of Offshore Engineer recently interviewed Steve Brown and Greg Harding of The Steam Oil Production Company. The article is due to be published in the December edition of the magazine, however the full online version of the article can be read here.

Read More →
Dec 5, 2015
Steam Oil Presentation at CMG's European Reservoir Simulation Technology Seminar
Nov 9, 2015
Steam Oil Presentation at CMG's European Reservoir Simulation Technology Seminar
Nov 9, 2015

Steam Oil's Technical Director Greg Harding presented our work on the thermal reservoir simulation of a steam flood of the Pilot oilfield at CMG's European Reservoir Simulation Technology Seminar which was held at the Royal Institution on the 5th of November 2015.

Read More →
Nov 9, 2015

Blog

Featured
Aug 22, 2016
The Case for Offshore Steam
Aug 22, 2016

When we talk to folk in the industry, about our plans to steam the Pilot, Elke & Narwhal fields in the middle of the Central North Sea, sometimes we get a pretty sceptical reaction, sometimes we don’t. I prefer it when we get to talk positively about the potential of steaming offshore reservoirs, but not everyone has an open mind. You see, that’s not how the industry develops heavy oil in the North Sea. How to develop North Sea heavy oil was all worked out in the early nineties by the people who put together the development plans for Alba, Captain, Harding & Gryphon, the last wave of heavy oil developments in the UKCS.

Aug 22, 2016
Jan 19, 2016
Why Steam from the Start?
Jan 19, 2016

When we are presenting our plans to fellow professionals, we often get asked, why steam from the start, surely steam flooding is an EOR technique? It is a good question, as generating steam is not cheap, of course we have a good answer to the question and the more we think about it the better the answer gets.

Jan 19, 2016
Dec 2, 2015
How Far Can Costs Fall?
Dec 2, 2015

Back in February, I wrote about how I expected upstream capital costs to fall as the oil price collapsed,  and then in July, I wrote again with an update on how the IHS UCCI (Upstream Capital Costs Index) had actually fallen up to that time. Well, this is a further update on that, mixed in with a bit of speculation on how far the fall might go before we touch bottom. 

Dec 2, 2015
Aug 24, 2015
Rise Early, Work Hard, Strike Oil
Aug 24, 2015

Everyone knows  J. Paul Getty's formula for success: rise early, work hard, strike oil; and pretty much everyone I know in the oil business rises early and works hard, some of them even strike oil. So it's hard to find many oil folk who don't believe in the quote, of course the tricky bit is the last part of the aphorism. Striking oil generally requires a decent dollop of good fortune as well as brilliant geoscience and that elusive material, money; however when we do strike oil these days we generally manage to keep it in the well unlike these pioneers in times past who needed to have a decent turn of speed when they struck oil.

Aug 24, 2015
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© 2014-8, Pharis Energy Ltd, Unauthorized use and/or duplication of this material without express and written permission is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Pharis Energy Ltd with appropriate and specific direction to the original content.